Palantir, Block, Vertiv, Nike, Sony: Key Revenue Gains Amid Market Dips

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir entered an agreement with Microsoft to provide AI services to the defense and intelligence sectors. Goldman Sachs, Raymond James, and RBC Capital maintained their ratings on Palantir. Palantir reported 2024 mid-year revenue of $1.312 billion, a 23.99% increase year-over-year.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block reported two insider transactions on August 8, 2024, including a 313,100 share purchase by director Roelof Botha on August 6. Block released its mid-2024 report with revenue of $12.113 billion, up 15.08 percent year-over-year, and net income of $661 million.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported H1 2024 revenue of $35.92 billion and net profit of $1.72 billion. Mizuho upgraded Vertiv Holdings to Outperform with a target price of $92.00. Goldman Sachs maintains Buy, setting a target price of $104.00.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. At the Paris Olympics, Zheng Qinwen won the women's tennis singles gold, while Nike faced competition from Adidas and Anta. Nike's presence was notable despite internal trading activity disclosed on August 8. Adidas reported strong Q2 financial results, outperforming market expectations.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's PS5 sales have surpassed the PS4, reaching over 61.7 million units. Sony is improving its game rating system for direct user feedback. Sony Group has officially abandoned its acquisition of Paramount Global, citing strategic misalignment and high risks.